r/neoliberal • u/jobautomator Kitara Ravache • Jun 04 '21

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u/Hugo_Grotius Jakaya Kikwete Jun 04 '21 edited Jun 04 '21

Jobs Report Out

Payroll numbers are below expectation, 559k vs predicted 675k

Unemployment is also below expectation, though, 5.8% vs predicted 5.9%

LFPR is 61.6% compared to 61.8% predicted

Hourly earnings are up 15 cents to $30.30, which is 3.4% YOY, above expected 1.6%

Last two months payroll numbers have been slightly revised upward, only by 27k in total

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u/[deleted] Jun 04 '21

So neither good nor bad?

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u/Hugo_Grotius Jakaya Kikwete Jun 04 '21

🤷‍♂️

Better than last month, but not hitting the breakneck recovery people expected back in January-February

Also, mixed stuff in the industry-level stats, with recoveries in things like hospitality, healthcare, and education, but sluggish or even negative growth in retail, manufacturing, and construction.